Information Collection; Submission for OMB Review; Comment Request

DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

Information Collection; Submission for OMB Review; Comment

Request

AGENCY: Office of the Comptroller of the Currency, Treasury.

ACTION: Submission for OMB review; comment request.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction

Act of 1995 (44 U.S.C. Chapter 35), the Office of the Comptroller of

the Currency (OCC) hereby gives notice that it has sent to the Office

of Management and Budget

[[Page 29780]]

(OMB) for review an information collection titled Leasing (12 CFR part

23).

DATES: Comments regarding this information collection are welcome and

should be submitted to the OMB Reviewer and the OCC. Comments are due

on or before July 2, 1997.

ADDRESSES: A copy of the of the submission may be obtained by calling

the OCC Contact listed. Direct all written comments to the OMB Reviewer

listed and the Communications Division, Attention: 1557-0206, Third

Floor, Office of the Comptroller of the Currency, 250 E Street, SW,

Washington, DC 20219. In addition, comments may be sent by facsimile

transmission to (202) 874-5274, or by electronic mail to

[email protected]

SUPPLEMENTARY INFORMATION:

OMB Number: 1557-0206.

Form Number: Not applicable.

Type of Review: Renewal of OMB approval.

Title: Leasing (12 CFR 23).

Description: This submission covers a renewal without change of the

information collections currently contained in 12 CFR Part 23. The

collection of information requirements are found in 12 CFR 23.4(c) and

12 CFR 23.5. Section 23.4(c) requires national banks to provide certain

information if they request OCC approval to extend the holding period

for off-lease property. The OCC uses this information to evaluate these

requests under applicable law and regulations and principles of bank

safety and soundness. Section 23.5 requires that, if a national bank

enters into both CEBA (12 U.S.C. 24 (Tenth)) leases and 12 U.S.C. 24

(Seventh) leases, the bank's records must distinguish between CEBA

leases and 12 U.S.C. 24 (Seventh) leases. Banks and the OCC use this

information to determine compliance with the laws and regulations that

impose certain limits on leasing activities.

Respondents: Businesses or other for-profit.

Number of Respondents: 660.

Total Annual Responses: 710.

Frequency of Response: On occasion.

Estimated Total Annual Burden: 1,820 hours.

OCC Contact: Jessie Gates or Dionne Walsh, (202)874-5090,

Legislative and Regulatory Activities Division, Office of the

Comptroller of the Currency, 250 E Street, SW, Washington, DC 20219.

OMB Reviewer: Alexander Hunt, (202)395-7340, Paperwork Reduction

Project 1557-0206, Office of Management and Budget, Room 10226, New

Executive Office Building, Washington, DC 20503.

The OCC may not conduct or sponsor, and a respondent is not

required to respond to, an information collection that has been

extended, revised, or implemented on or after October 1, 1995, unless

it displays a currently valid OMB control number.

Comments are invited on: (a) Whether the collections of information

described in this notice are necessary for the proper performance of

the OCC's functions, including whether the information has practical

utility; (b) the accuracy of the OCC's estimate of the burden of the

information collection; (c) ways to enhance the quality, utility, and

clarity of the information; (d) ways to minimize the burden of the

information collection on respondents, including through the use of

automated collection techniques or other forms of information

technology; and (e) estimates of capital or startup costs and costs of

operation, maintenance, and purchase of services to provide the

information.

Dated: May 27, 1997.

Karen Solomon,

Director, Legislative and Regulatory Activities Division.

[FR Doc. 97-14214 Filed 5-29-97; 8:45 am]

BILLING CODE 4810-33-P